Parker Elects William F. Lacey to its Board of Directors
April 22 2021 - 4:30PM
Parker Hannifin Corporation (NYSE: PH), the global leader in motion
and control technologies, today announced the election of William
F. Lacey to its Board of Directors, effective April 22, 2021.
Mr. Lacey is currently President and Chief Executive Officer of
GE Lighting, a Savant company, a position he has held since 2015.
He has more than 20 years of financial and operational leadership
experience with General Electric. GE Lighting was acquired by
Savant Systems, Inc., a leader in home control and automation, in
2020.
“Bill is a seasoned leader whose operational proficiency,
financial expertise and unique perspective make him a welcome
addition to Parker’s Board of Directors,” said Tom Williams,
Chairman and Chief Executive Officer. “Having spent nearly three
decades with a premier global industrial company, Bill brings an
impressive depth of knowledge to our Board and will play an
important role in guiding Parker’s continued growth and strong
financial performance.”
Mr. Lacey joined General Electric in 1992 and served in various
finance and global process improvement roles of increasing
responsibility through the Finance Management Program. He joined
the GE Corporate Audit team as an Associate in 1995 and progressed
to Executive Audit Manager by 2000, when he transitioned to GE
Lighting as Manager of Financial Planning and Analysis. He was
named Chief Financial Officer of GE Wind Energy in 2002, and later
served as Manager of Global Commercial Finance for GE Energy. In
2007, he was appointed Chief Financial Officer of GE Healthcare’s
Medical Diagnostics business. Mr. Lacey rejoined GE Lighting in
2011 as Chief Financial Officer of GE Home and Business Solutions
Lighting and in 2014 was appointed as a GE Company Officer. In 2015
he was appointed President and Chief Executive Officer of GE
Lighting.
Mr. Lacey also currently serves on multiple boards of directors
for nonprofit organizations, trade associations and educational
institutions.
About Parker HannifinParker Hannifin is a Fortune 250
global leader in motion and control technologies. For more than a
century the company has been enabling engineering breakthroughs
that lead to a better tomorrow. Parker has increased its
annual dividend per share paid to shareholders for 64 consecutive
fiscal years, among the top five longest-running dividend-increase
records in the S&P 500 index. Learn more
at www.parker.com or @parkerhannifin.
Forward-Looking Statements Forward-looking
statements contained in this and other written and oral reports are
made based on known events and circumstances at the time of
release, and as such, are subject in the future to unforeseen
uncertainties and risks. These statements may be identified from
the use of forward-looking terminology such as “anticipates,”
“believes,” “may,” “should,” “could,” “potential,” “continues,”
“plans,” “forecasts,” “estimates,” “projects,” “predicts,” “would,”
“intends,” “expects,” “targets,” “is likely,” “will,” or the
negative of these terms and similar expressions, and include all
statements regarding future performance, earnings projections,
events or developments. Parker cautions readers not to place undue
reliance on these statements. It is possible that the future
performance and earnings projections of the company, including its
individual segments, may differ materially from current
expectations, depending on economic conditions within its mobile,
industrial and aerospace markets, and the company's ability to
maintain and achieve anticipated benefits associated with announced
realignment activities, strategic initiatives to improve operating
margins, actions taken to combat the effects of the current
economic environment, and growth, innovation and global
diversification initiatives. Additionally, the actual impact of
changes in tax laws in the United States and foreign jurisdictions
and any judicial or regulatory interpretation thereof on future
performance and earnings projections may impact the company’s tax
calculations. A change in the economic conditions in individual
markets may have a particularly volatile effect on segment
performance.
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Contact:
Media –
Aidan Gormley, Director, Global Communications and Branding
216/896-3258
aidan.gormley@parker.com
Financial Analysts –
Robin J. Davenport, Vice President, Corporate Finance
216/896-2265
rjdavenport@parker.com
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